Define Psychology.

Your first Assignment for History of Psychology will assess your understanding of the material you have learned in the first four units. You will be required to consider how philosophy (Chapter 2) and physiology (Chapter 3) have influenced early psychological thought (Chapters 4–7) . You will pick 1 philosopher (from Chapter 2 of your text book) and one physiologist (from Chapter 3 of your text book) and outline their major contributions to their field. Next, you will discuss how philosophy and physiology influenced the work of the early psychologists, proving specific examples of how your chosen philosopher and physiologist might have influenced the work of one of the early psychologists (from Chapters 4–7). Please see the grading rubric in the course Syllabus for further guidance.

Requirements for this Assignment:

Your paper should include a title page, introduction with thesis statement and conclusion. Below is a link to help you with your introduction and conclusion:

https://kucampus.kaplan.edu/MyStudies/AcademicSupportCenter/WritingCenter/WritingReferenceLibrary/TheWritingProcess/IntroductionsAndConclusions.aspx

Your paper should be 2–3 pages, not including the title page or reference page.

Your paper should include a reference to the textbook. APA formatting and in-text citations must be used for each source referenced. When referencing the Readings, be sure to use APA guidelines. Information regarding APA formatting and citation can be found in the Writing Center and should be reviewed thoroughly. Below is a link to the document:https://kucampus.kaplan.edu/MyStudies/AcademicSupportCenter/WritingCenter/WritingReferenceLibrary/ResearchCitationAndPlagiarism/CommonCitationsInAPAformat.aspx

Your paper should use Standard American English including correct grammar, spelling, and punctuation, and complete sentences and paragraphs. Your paper should be free of typographical errors.

Your paper should include a highly developed viewpoint and purpose.

Your paper should demonstrate superior organization. Communication should be highly ordered, logical, and unified.

You should follow these guidelines for your paper:

  • Title Page
  • Main body of the paper 2 to 3 pages
  • Reference page
  • Correct APA formatting for in-paper citations
  • Standard margins: 1″ on all sides
  • Standard 12-point font size
  • Standard double-spacing: average of 22 lines per page, and between 20 and 24 lines per page
  • Text is left-justified

Describe a minimum of three ways you would encourage staff members to engage in the mission and vision statements of your agency.

This module reviewed mission, vision, values, and ethics statements in the Human Services field. You were provided with many examples in order to develop these statements for your agency.
Tasks:
In a minimum of 400 words, you will post your answer to the Discussion Area.
Use your textbooks, the ethical code, and a minimum of five sources from professional literature. Professional literature may include the University online library resources, relevant textbooks, peer-reviewed journal articles, and websites created by professional organizations, agencies, or institutions (.edu, .org, and .gov). Incorporate information from those sources into a discussion of the following as it relates to the Human Services field:
• Using the same position in the Human Services field that you discussed in the M1 Assignment 2 Discussion, discuss why mission, vision, values, and ethics statements are important for working with clients and those you supervise. Talk about at least two reasons per statement.
• Describe a minimum of three ways you would encourage staff members to engage in the mission and vision statements of your agency.
• Suppose you have a supervisee who is acting contrary to the mission and vision of your agency. He or she is engaging in misconduct per your ethics statement. Discuss how you would talk with this supervisee, including three examples of statements or questions you would ask during your talk. Keep the ethics codes and multiculturalism values in mind when answering this question.
Complete the following readings early in the module:
• Module 2 overview
• From your course textbook in HS6010 An Introduction to Human Services: Policy and Practice, read the following chapter:
o Attitudes/Values, Skills, and Knowledge
Suggested Readings:
From the Internet, read the following:
• Ethics Statements
• Examples of Values Statements with Commitments to Diversity/Inclusiveness
• How to Write Your Mission Statement
Mission Statements and Vision Statements: Unleashing Purpose

Evaluate the design analytically, by simulation, and by actual system tests.

Discussion Question:
• Using a specific control system as an example (position control, temperature control, pressure control, flow control, etc.), describe how you would apply the four design steps to meet the design criteria.
Background and topic information:
In this module, we use the example of a DC motor speed control system to introduce the concepts of a control system, control system design criteria, and the design steps.
A control system is made up of interconnected components forming a system configuration that provides a desired system output (response). There are two types of control systems: open-loop control and closed-loop control. An open-loop control system has the following block diagram:

Figure 1. Block diagram of an open-loop control system (Dorf & Bishop, 2011).
Notice that there is no feedback loop in the diagram, and as a result, the actual output cannot be compared to the desired output. On the other hand, a typical closed-loop control system has the following block diagram:

Figure 2. Block diagram of a closed-loop control system (Dorf & Bishop, 2011).
The major difference here is that the actual output is fed back and compared to the desired output, and any error can be dealt with by the controller. Let’s consider our DC motor speed control example. The input is the desired speed and the output is the actual speed. The actuator is a power amplifier, the process is the DC motor, the sensor is a tachometer, and the controller consists of op-amps and RLC components.
Suppose the input voltage is 10 V, representing an output speed of 1000 rpm, and the sensor ratio is 0.01. If the actual output is 1000 rpm, the feedback voltage is 1000*0.01 = 10 V, and the error is 0, so no action is needed from the controller. If, for some reason (like a sudden load increase), the actual rpm drops to 900, and the feedback voltage is now 9 V, then the error signal will be 10 – 9 = 1 V and is sent to the controller. The controller will send a signal to the actuator to increase its output to the process (motor) so as to increase the speed. This example shows that closed-loop (feedback) control in general works better than open-loop control because automatic speed control is achieved.
There are a few general criteria to follow when designing a control system:
1. Stability (absolute and relative): The system must be stable with a certain stability margin. This will be discussed more in Modules 5 and 7.
2. Steady-state error: This is the difference between the desired output and actual output at steady state. This value should be as small as possible. This will be covered more in Modules 3 and 4.
3. Transient response: This includes rise time, maximum overshoot, peak time, and settling time. These parameters must meet the requirements. We will cover this more in Module 4.
4. Sensitivity to parameter changes and disturbances: These values should be as small as possible and must meet the requirements. This will be discussed further in Module 3.
There are a few steps to follow in the design process in order to meet these design criteria:
1. Choose the sensors and actuators. Note that these are system dependent. For example, you will need a transducer, instead of a tachometer, as a sensor for a temperature control system.
2. Develop the process, sensor, and actuator mathematical models. Note that this is not an easy task in general and may require people with different areas of expertise. For example, a mechanical engineer is needed to develop a flow control model, while an electrical engineer is needed to develop a DC motor speed control model. The models can be in the forms of differential equations or transfer functions. This is covered further in Chapter 2 of the textbook.
3. Based on the models from step 2, design the controller to meet the control criteria. The controller is the only component in the block diagram whose mathematical model can be changed (or designed) at will. Therefore, the design of the controller is critical in meeting the criteria. We’ll see more on this in Chapter 10 of the textbook.
4. Evaluate the design analytically, by simulation, and by actual system tests. Since actual system tests can be costly, they should be the last step of the design process

Discuss the methods that can be used for approaching and solving decision problems.

Different methods can be used for approaching and solving decision problems. These methods depend on the amount of uncertainty associated with the parameters of the decisions and the likelihoods of the outcomes.

In this week’s Assignment, you will solve business decision problems presented in the “Chapter 5 Supplement” in your Resources. The problems under consideration this week are framed in terms of money and the impact on the bottom line, as opposed to determining the utility of alternatives. These problems range from making decisions in which information about the parameters of the problem are known with certainty, unknown, or determined probabilistically. Specific techniques for solving these decision problems under these conditions are discussed. Before you begin, watch the video “Managerial Decisions,” which provides an introduction to this Assignment.

Solve problems 1, 6, 7, 9, and 12 on pp. 231–234 of the Stevenson text. Be sure to provide your rationale and explanations for your solutions

Explain the MC=MR Rule.

Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making. Some work can be done using MS Excel but it must be copied to an MS Word file for the final submission of this assignment. To assist Joseph Farms, Inc., respond to the following:

  • Using MS Excel or a table in MS Word, complete Table-1 (Joseph Farms, Inc., Cost and Revenue Data).
    • Assume that the price is $165.
    • Assume the fixed costs are $125, at an output level of 1.
    • Assume that the data represents a firm in pure competition.
    • Show your calculations.
  • Explain the MC=MR Rule.  Describe the market structures to which this rule applies.
  • Create a chart to illustrate the data in Columns 9 and 10.
  • Describe the profit maximizing (or loss minimizing) output for this firm.  Explain why or why not there is an economic profit?
  • Explain why a firm in pure competition is considered to be a “price taker.”

(Assignment continues below Table-1.)

Table-1:  Joseph Farms, Inc., Cost and Revenue Data

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Column 9 Column 10 Column 11
Output

Level

Price per unit Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal

Cost

Marginal Revenue Total Revenue
0      $             –    NA      
1      $    113.00              
2      $    213.00              
3      $    300.00              
4      $    375.00              
5      $    463.00              
6      $    563.00              
7      $    675.00              
8      $    813.00              
9      $    975.00              
10      $ 1,163.00              

 

  • Using the data in Table-1 (Joseph Farms, Inc., Cost and Revenue Data), complete Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data). Show your calculations in summary form.
  • Using the completed data in Table-2 (Joseph Farms, Inc., Revenue/Profit/Loss Data), Identify the break even output level for this firm.

Table-2: Joseph Farms, Inc., Revenue/Profit/Loss Data

Output

Level

Price Total Revenue Total Costs from Table 1 Profit or Loss
0      
1      
2      
3      
4      
5      
6      
7      
8      
9      
10      

 

 

 

 

 

 

 

 

 

Save your MS Word file including your graphs or charts using the filename LastnameFirstInitial_M3A2 and submit it to the M3: Assignment 2 Dropbox by Wednesday, January 6, 2016.

Remember, quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style. Help with citing sources can be found through the Academic Resources page under Course Home.

Assignment 2 Grading Criteria
Maximum Points

Accurately calculated cost data (total fixed, total, average fixed, average variable, average total, and marginal) and revenue data (marginal and total) for output level ranging from 1 to 10 in Table-1.  Showed calculations in summary form. Correctly assumed data represented a firm in pure competition. (40 points)

Completed Table-1 as Microsoft Excel spreadsheet or Word table. (8 points)

 

48

Explained the MC=MR Rule. (12 points)

Identified market structures the MC=MR Rule applies to.  (8 points)

Explained why MC=MR Rule applies to these market structures.  (12 points)

32

Graphed all the data in column 9 of Table-1 (marginal cost) as curves in Microsoft Excel. (8 points)

Graphed all the data in column 10 of Table-1 (marginal revenue) as curves in Microsoft Excel. (8 points)

 

16

Explained the profit maximizing (or loss minimizing) output for Joseph’s Farms, Inc. (14 points)

Explained whether or not there is an economic profit for Joseph’s Farms, Inc. (14 points)

28
Explained why a firm in pure competition is considered to be a “price taker.”
28

Accurately calculated price, total revenue, and profit or loss data for output level ranging from 0 to 10 in Table-2 using data from Table-1. Showed calculations. (10 points)

Completed Table-2 as Microsoft Excel spreadsheet or Word table. (2 points)

12

Accurately calculated the break-even output level (break-even point) for Joseph’s Farms, Inc. using data in Table-2.  Showed calculations.

16

Style (4 points): Tone, audience, and word choice.

Usage and Mechanics (4 points): Grammar, spelling, and sentence structure.

APA Elements (12 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style.

What are the opportunities to offset price increase?

Select your favorite drink or snack item manufactured by a publicly held company. For this product respond to the following:

  • Where is the product manufactured?
  • Given the suggested retail price of the company and using a 50% markup on price at retail, determine the sell price to the distributor/merchandiser. Review the company’s overall gross margin. If the product is sold direct to the consumer you may apply the gross margin as calculated. Applying the gross margin percentage to your product sales price, infer the cost of the product. Present your calculations in a supporting table.
  • Complete the same exercise for a competitor’s product of the same type. Present your calculations in a supporting table included in your paper.
  • Comment on the differences in cost between the two competitors, and assert the reason for this difference (e.g., does the company compete on cost or differentiation?)
  • Apply the concept of the value chain to this product. What types of costs would be relevant for each segment of the value chain for this product?
  • Research a single critical ingredient of your snack and its source. Do you expect significant increases in the cost of this ingredient over the next year? Support your response with input from the commodities market or other economic data.
  • What are the opportunities to offset this price increase, maintain gross margin and offer the product to consumers at the same price currently? Present your calculations in a supporting table included in your paper.

Your paper should meet the following requirements:

To what extent are the lives of adolescents and young adults shaped by parental and peer influences?

Below is a list of options from which you are to select a topic for the Week Two assignment. Examine one of the following topics on lifespan development connecting research and life.

 

  • What do twin and adoption studies tell us about the effects of nature (i.e., genetic influences) and nurture (i.e., environmental influences) on human development? Select at least one of the main domains of human development (i.e., physical, cognitive, or social-emotional).
  • How much credit or blame do parents deserve for the way we are? Select at least one of the main domains of human development (physical, cognitive, or social-emotional) for your answer.
  • To what extent are the lives of adolescents and young adults shaped by parental and peer influences?
  • Why do we have a need to belong (to affiliate with others)?
  • How do our bodies and minds change from early to late adulthood?
  • What are the factors that affect our well-being as middle aged and older adults?
  • Why are some people attracted to members of their own sex whereas others are attracted to members of the opposite sex?
  • How do memory and intelligence change as we age?
  • Does an infant’s temperament shape his/her cognitive and socio-emotional development?
  • Are babies pre-wired for survival?
  • Are adolescents more likely to engage in risk-taking behavior than older adults?
  • Can physical exercise affect cognitive performance in old age? Consider the time of occurrence of physical exercise (i.e., earlier in life or during old age) in your answer.
  • Are there personality traits related to longevity?
  • Does bilingualism improve brain functioning?
  • Why do students in the United States tend to under-perform in math and science?

 

Once you have chosen your topic, examine the various theories of human development learned in the course and choose one or two that best assist you to understand the issues involved in your topic.

For this assignment address the following:

 

  • Examine various theories of human development, describing relevant terminology, and addressing how the theory assists in the understanding of issues involved in the selected topic.
  • Identify and describe at least two domains of human development (physical, biological, emotional, cognitive, and/or social) and how they are impacted by the chosen topic.
  • Identify and describe the stages of development that are affected by the chosen topic.
  • Describe the cultural and historical perspectives of the chosen topic, demonstrating an understanding of how the topic has been perceived over time and by other cultures. Provide relevant examples.

 

Writing the Assignment

The Assignment:

 

  1. Must be two to three double-spaced pages in length (excluding title and references pages), and formatted according to APA style.

 

  1. Must include a title page with the following:

 

  1. Title of paper

 

  1. Student’s name

 

  1. Course name and number

 

  1. Instructor’s name

 

  1. Date submitted

 

  1. Must begin with an introductory paragraph that has a succinct thesis statement.

 

  1. Begin with an introduction to the selected topic in which you define all concepts that will be discussed in the paper.

 

  1. For example, if you select “How do memory and intelligence change as we age?” as your topic,  you will need to define the terms memory, intelligence and aging.

 

  1. Must address the topic of the paper with critical thought.

 

  1. Must end with a conclusion that reaffirms your thesis.

 

  1. Conclude with an answer to the selected question. Did the evidence you surveyed answer the question satisfactorily? Including your analysis of the strengths and weaknesses of the available evidence.

 

  1. If possible, suggest the course that future research should take if answers to the selected question are less than conclusive.

 

  1. Must use at least two scholarly sources, all of which must come from the Ashford University Library or Google Scholar.

 

  1. It is important that you ask yourself if the articles specifically address the selected topic. It is not always easy to find the right articles. Thus, give yourself some time to search before you finalize your selection.

 

  1. You may reference your textbook and other required materials from the course; however, these will not fulfill the resource requirements.

 

  1. Must include an annotated bibliography which briefly summarizes each article including the purpose of the investigation, its methodology, and results.

 

  1. If possible, select peer-reviewed articles that summarize the evidence available in a given field of study (e.g., meta-analysis combines the findings of different studies to uncover trends, commonalities and differences).

 

  1. Order the articles in the way you think you will discuss them in your paper. Then develop a summary of the scientific evidence that answers the question you selected.

 

  1. Must document all sources in APA style.

 

  1. Must include a separate reference page, formatted according to APA style.

 

  1. The reference section will be the final page of the paper.

What are the impacts of tecnology in our society?

This is my information systems class discussion board HW, and u just need follow the instruction and answer the questions. It needs 300 words.

Due in 12 hours, plz send it to me before tomorrow noon!!

 

Respond to one or more the questions. While it is not necessary to answer every one, they are provided to give you a range of topics to meet your Discussion Board assignment objectives of quantity and quality of postings (see syllabus area and Discussion Board Grading for grading criteria). Please note that, while interaction (frequency) is an important aspect of the quality grade, greater emphasis is on substantive content and analytic contribution based on the readings and supplemental material.

  1. View this video First IT Professional Services Call (under three minutes) and comment. While it’s intended to be humorous, what real-life aspects can you glean from this video? Discuss.
  2. From what you’ve read and what you have experienced, do you have a positive, negative or impartial view of our rapidly converging technological society? How has technology positively or negatively impacted your life? Compare how your life differs from that of your parents or another generation because of technology.

What is personal branding?

There are two Learning Activities in the unit.

Career Competency: Personal Branding

In Unit 2, you have already started the process of branding yourself through the Personal SWOT analysis and Outcome List. Take another look at your Strengths and Opportunities. Pull out the two to three words that resonate with you most that describe you. Remember, when you are out there in business, you are the product and how you position this product, depends upon you.

For example, you might be an Artistic Engineer or an Articulate Organizer.

By using your two to three word statements that are your tagline and brand, create a 30-second elevator speech (pitch) where you will sell your most valuable product, you. As a result of your pitch, why would people want to engage and conduct business with you? Why would people want to hire you? Always be ready with your branding statement and elevator pitch as one never knows when opportunity will knock. Oh yes, do not forget to close the deal too i.e., follow up with a scheduled meeting to talk further.

Learning Activity Checklist:

  • Create your own branding statement with one to two adjectives and a noun i.e., your own tag line.
  • Create your 30-second elevator speech (product pitch).
  • Why would people want to engage and conduct business with you?
  • Why would people want to hire you?

Complete this Learning Activity by submitting your 30 second branding statement (elevator pitch) to the Unit Three Learning Activity DropBox so the Professor can learn more about you too.

In this Assignment on creating a 30 second elevator speech (pitch) you will engage in developing the following professional competencies:

  • Personal Presentation and Professionalism by managing one’s own brand, career and advancement strategy; and delivering an effective elevator speech.

What attracts you to the idea of franchising?

Discussion 6: Borrowing from Friends and Family

Must post first.

Discuss the pros and cons of borrowing from friends and family for your business venture.  Be sure to detail some of the complications of borrowing from “family” as opposed to traditional lending sources such as banks and credit unions.

 

Discussion 7: Newberry Comics

Research Newbury Comics online. This company operates in multiple states, but started off as a single store in Boston.  What were some of the cross-jurisdictional legal issues that arose?  How did the company handle complaints about products that were sold?  They did not have staff attorneys; as a result they utilized outside counsel on a retainer basis to address such issues as employment law, vendor, customer, and product issues. Discuss what they did wrong and what they could have improved upon.

 

Discussion 8: Hiring and Labor Practices

Search the internet to identify an organization that has faced legal challenges alleging non-compliance in hiring practices in one or more of the following: Americans with Disabilities Act, Affirmative Action, Age Discrimination, etc. Summarize the issues and current status of the case and discuss how, as a supervisory and hiring authority for the organization, you would have been instrumental in avoiding legal challenges. Cite the URL for the article so students can review.

Discussion 9: Ethics

After viewing the NBC Video: Goldman Sachs Gets Grilled, discuss whether or not Goldman Sachs followed ethical principles for its clients in dealing with the mortgage crisis and economic implications of their actions.  When reviewing the Ethical Principles for Entrepreneurs in Figure 12.6 of Chapter 12,  determine if Goldman Sachs follow these principles. Which ones did they violate?

 

Discussion 10: Franchise Opportunities

 

After reviewing the websites from the Learning Activities page for LP10 (#5) on franchise opportunities, summarize your insights and franchise research, and answer the following questions with a recap of your summary on the discussion board. Be sure to identify the franchise you researched in the discussion post.

Identify one franchise opportunity that you would consider, and answer the following questions:

  1. What attracts you to the idea of franchising?
  2. Are opportunities in franchising comparable to starting a business from scratch? What are the pros and cons?
  3. What are the long-term prospects for owning the franchise you researched? Can you make an equivalent amount of net income compared to starting your own business?

LP5 Assignment: Calculating Financial Ratios

Business is a numbers game, and survival in the marketplace depends on having the right numbers in black ink. It is necessary to compare your venture to other businesses in your industry by calculating key financial ratios. Review the financial ratios in Figure 8.10 in Chapter 8 of your text.

Go to BizStats by BizMiner and select “Financial Benchmark Reports” – Select “Sole Proprietorship” or “Corporation” or “S Corp” – Select your Industry (for example, Retail – food & beverage), then you will see various business statistics and financial ratios. Look at the Industry Financial Ratios for your industry at the bottom, and recap this specific information in a 1-2 page paper including the industry you chose.

Submit this assignment to your instructor via the dropbox “LP5 Assignment: Calculating Financial Ratios.” This assignment is worth 75 points.

*Note: The research compiled for this assignment will be utilized in a future class. Also, submit your assignment to the Locker. Go to My Home – My Tools – Locker – upload files

.

LP6 Assignment: Research SBA Programs

Directions: Write a one to two page paper researching SBA Loan programs at the Small Business Administration’s website. Also, contact the SBDC (Small Business Development Center) in your area to see what support services are offered for entrepreneurs as well as financing options through the SBA.

Submit this assignment to your instructor via the dropbox “LP6 Assignment: Research SBA Programs.” This assignment is worth 75 points.

 

LP7 Assignment: Family Business

Directions: Going into business with a family member makes up a major portion of new businesses launched every year. However, family businesses present unique challenges for start-ups. It is important to ensure you have established the best business entity and reviewed appropriate resources before forging into a family business venture.

Research in your own community those types of businesses that are family-owned. Categorize the most common business opportunity (e.g., car dealerships, restaurants, real estate firms, accounting firm, etc) in regard to industry and the legal form chosen for this business. Review the following websites on family businesses: Resources – Family Businesses.

Write a one to two page paper defining keys to success and considerations for building a family business. Also compare the choice of business entities and identify the best legal form for your business based on your research in the community.

Submit this assignment to your instructor via the dropbox “LP7 Assignment: Family Business.” This assignment is worth 75 points.

LP8 Assignment: Human Resource Policies

Directions: Even small businesses should develop personnel policies to cover hiring, firing, and managing employees. This manual can assist in avoiding legal trouble with employees as well.

A source that assists in the development of policies and procedures can be found at Nolo – Law for All sponsored by Nolo. Another source that allows you to develop policies using online software is located at HR Tools hosted by Insperity.

Also review the Business Owner’s Toolkit by BizFilings for information on policies regarding employees. (Go to People Who Work for You – review Recruiting and Hiring, Benefits, rules, motivating, disciplining, terminating.) Additional websites to review for Labor Law Compliance: Go to Resources – Human Resources: Labor Law Compliance. After reviewing these sources, prepare your policies in one to two pages that would address the following for your employees:

  • Guidelines regarding hiring practices including interviewing prospective employees
  • Background screening
  • How to apply labor law compliance in hiring practices

Submit this assignment to your instructor via the dropbox “LP8 Assignment: Human Resource Policies.” This assignment is worth 75 points.

 

LP9 Assignment: The Small Business Owner’s Tax Compliance

What are the laws when it comes to taxes? What forms do I have to fill out? The Internal Revenue Service publishes a “Tax Guide for Small Businesses” which can be reviewed at the IRS website. Make a list of any questions you might have.

Also review the websites at the Business Owner’s Toolkit by BizFilings (look at Controlling Your Taxes) and Internal Revenue Service’s Small Business Taxes & Management (IRS regulation updates).

Review the tax material provided in Chapter 12. Make a list of all tax forms you will need and print them out. Read through the IRS Small Business Tax Guide. Make a list of any questions you might have and any tax forms needed. Recap your findings in a one to two page paper addressing the necessity of good record keeping and compliance with tax regulations.

Submit this assignment to your instructor via the dropbox “LP9 Assignment: The Small Business Owner’s Tax Compliance.” This assignment is worth 75 points.

 

LP10 Assignment: ABC Sporting Goods

ABC Sporting Goods

Examining the asking price of a business includes reviewing all past records and assessing the future financial outlook for the business, the economy, and the industry. You are buying the future not the past.

Critical Assumptions for ABC Sporting Goods:

  • ABC Sporting Goods is a small business, operating as a corporation.
  • ABC has been in business for 15 years.
  • The owner draws a salary listed under officers’ compensation.
  • The store has been in the same location for the past seven years and has a Triple Net Lease (i.e. pay real estate taxes, building insurance, and maintenance).
  • Sales decreased slightly in the past two years, but the company has tried to maintain market share by lowering their prices. This has impacted both gross and net profit.
  • The owner wishes to sell his business and retire. The stress of running the business for the last 15 years, for 10 or 12 hours a day has begun to impact his health.
  • The owner feels that the business has a good reputation with many loyal customers.
  • He believes the business should be valued at $750,000.

Review attached spreadsheet for Financial Information on ABC Sporting Goods: Profit & Loss

Directions:

Part I. Complete the following ratio analysis for ABC sporting Goods.

Utilize:  BizStats at http://www.BizStats.com

Go to Industry Financials on the Blue Navigation Bar

Select – Corporations 249 not Sole Proprietorships 141

Select Retail Trade

Select Sporting good – Hobby book – Music

Calculate the following ratios: (Based on the last 3 year average)

  • Return on sales (net profit divided by gross revenues)
  • Return on assets
  • Return on net worth
  • Quick ratio
  • Current ratio
  • Inventory turnover (gross sales divided by inventory)
  • Assets to sales ratio
  • Total liabilities to net worth

Compare these ratios to those found in BizStats. Comment on any differences and how they impact the value of the business. Identify any significant trends in the business.

Part II. Estimate the business value using BizStats – Valuation Rule for Sporting Goods Stores at BizStats.

Under reports/valuation/valuation-rule-thumb.php

Adjust the business valuation based on your completed calculation and the ratio and trend analysis performed in step I.

Part III. Calculate the viability of purchasing the business based on the following parameters:

You can finance the business for 20% down with an interest rate of 5%, amortization over 20 years. Use the following formula:

Purchase price $100,000, down payment 20% or $20,000 which results in $80,000 being financed.

For $1,000 financed at 5%, the factor to calculate your monthly payment is .66x for every $100 borrowed. That equals $66/month or $792/year.

We now can calculate the free cash flow available to pay the loan amount. We can use the following formula:

Net Profit

+interest paid (use previous years amount from P&L)

+Depreciation and amortization

= Cash flow

For example, if we have $10,000 for our cash flow and our payments are $528 x 12 months = $6,336; then to calculate our DSC or debt service coverage ratio, we divide the Cash flow by the annual debt service or $10,000 / $6,336 =1.58x. If we borrowed $400,000 our monthly payment is $2,640 or $31,680 and if our cash flow is $100,000 then the DSC is 3.16x. Anything greater than 1.20 is considered to be adequate. Comment on the result.

Submit this assignment to your instructor via the dropbox “LP10 Assignment: ABC Sporting Goods.